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Chaarat Gold Holdings Ltd.
Summary
| Project: | Chaarat | |
|---|---|---|
| Deposit: | Chaarat | |
| Location: | Kyrgyz Republic | |
| Commodities: | Gold | |
| Date: | 6/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 23-6-2016: Chaarat Gold Holdings Ltd. announces a Resource Estimation report for its Chaarat deposit at the Chaarat project. Total JORC compliant resource increased 15% from 6.1Moz to 7.04Moz. Chaarat (AIM: CGH), the AIM quoted gold exploration and develo | |
| Resources: | (Resource, M+I): 72.405Mt @ 2.59g/t Au for 6.03Moz Au contained across all zones | |
| CP/QP: | [Resources]: Sunit Patel (Not stated) | |
| ABSTRACT: | Chaarat (AIM: CGH), the AIM quoted gold exploration and development company with assets in the Kyrgyz Republic, is pleased to provide an updated resource statement for the Chaarat Gold Project. The Chaarat resource statement has been updated to reflect the results of the mine plan included in the Feasibility Study (FS) prepared by NERIN. This has improved the profile of the deposit in both the principal mineralized systems within the Chaarat deposit. Dekel Golan CEO commented: "In line with our twin track strategy we are continuing to move towards project development as well as talking to potential acquirers and partners. In that context the increase of the Tulkubash resource (and reserves which the FS estimated at 523k ounces (non JORC)) underpins a significant development opportunity." | |
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